What Is a Digital Twin?

digital transformation in the casino business

Transform your operations by using rich data and powerful AI technologies to integrate optimization processes and enable intelligent growth. The Korean manufacturing business conglomerate understood that even one successful cybersecurity attack might have devastating consequences. Its Doosan Digital Innovation (DDI) group consolidated multiple regional security operation centers (SOCs) to a unified, global SOC to streamline its security posture and deployed AI-based pattern matching. Customer experience, or CX, is the sum of customers’ perceptions resulting from all their interactions with a business or brand—online, in-store and in day-to-day life. Simplify content capture, storage and compliance with IBM Cloud Pak for Business Automation, enabling seamless workflows and optimized document management.

They might also model complex systems such as traffic patterns, weather events, healthcare treatment plans and factory operations. Finally, in more experimental contexts, digital twins might be based on real or imagined people, complete with modeled voice, appearance and personality traits. Customers’ dependence on mobile devices drove the earliest digital transformation initiatives, transformed existing business models (for example mobile tickets and wallets) and created entirely new ones (for example, Uber).

What is digital forensics?

The most obvious examples involve the embedding of digital technology into everyday products that meet customer needs. One way to understand digital transformation is to remember it not only pushes a business forward to achieve future goals, it also protects them against competition that is likely undergoing a digital transformation process as well. Effortlessly manage both electronic and physical records while ensuring regulatory compliance with IBM Enterprise Records. Streamline records processes, automate retention policies, and maintain data security to reduce errors and enhance organizational efficiency.

The latest tech news, backed by expert insights

Those organizations that succeed at digital transformations will stay ahead of the competition, drive better relationships with employees and customers and be better prepared for what may come in the future. Customer expectations have changed since the pandemic began and organizations must change to meet them. Digital transformation often creates opportunities to establish new business models and create new products, revolutionize user experience, and help an organization embrace modernization. Digital forensics has broad applications because it treats digital evidence like any other form of evidence.

In 2002, scientist and business executive Michael Grieves conceptualized a product lifecycle management (PLM) framework that links a physical product with its virtual counterpart through continuous data exchange. Eight years later, NASA’s John Vickers officially coined the term “digital twin” in a NASA technical roadmap, building from Grieves’ “mirrored spaces” concept. After a new product has gone into production, digital twins can help mirror and monitor systems to achieve and maintain peak efficiency throughout the manufacturing process. Digital twin solutions help enterprises experiment with different product designs, workflows and manufacturing processes within a virtual testing environment, accelerating innovation and reducing time to market. Ultimately, digital threads are ideal for gaining a holistic view of the organization’s interlocking systems, while digital twins are better suited for fine-tuning individual assets and processes. Another distinction is that digital twin solutions can connect multiple assets and systems, instead of evaluating them in isolation.

The original digital transformation enabler, cloud computing enables organizations to use the latest IT technologies, boost efficiency and scale with demand while managing costs. Enhance collaboration, accelerate processes and deliver exceptional customer experiences with a scalable and secure content management platform. The centralization of assets within a DAM system enables organizations to find and reuse assets, driving production cost savings and reducing duplicate workstreams. It is primarily used for enterprise-wide file organization, collaboration and information sharing.

Organizations also use automation, and specifically robotic process automation (RPA), to perform repetitive tasks such as bookkeeping, sending invoices, or looking up or archiving records. Unlike AI, which can learn from data and perform tasks more accurately over time, RPA is limited to following processes that have been defined by a user or programmer. When reviewing DAM platforms, it is important that organizations evaluate whether the solutions they select provide capabilities that support both current and future use cases. An organization might also consider non-technical features, such as the degree of customer support offered or the interface’s ease of use. IBM provides comprehensive data security services to protect enterprise data, applications and AI.

Physics-based digital twin systems can help engineers design durable, safe and cost-effective structures, including buildings, drilling platforms, canals, dams and bridges. They can, for example, determine whether a particular bridge can withstand heavy wind, rain and traffic, giving engineers the opportunity to alter their design before construction begins. Seeing the US’ only tennis major in person is an amazing experience, but not every tennis fan can make plinko casino game it to New York.

Blockchain provides total transaction transparency to those who require it and is inaccessible to those who don’t. Organizations are using blockchain as a foundation for superresilient supply chains and cross-border financial services transformations. Miha Kralj joins Ann Funai to explore talent shifts, agentic AI and the future of innovation for enterprise tech teams. Digital transformations are complex, time consuming and often require an organization to step out of its comfort zone. They have a better chance of succeeding if they include the right partner who can using tried-and-true levers to help unlock maximum value.

Skip to toolbar